Free Discounting Calculator
Pricing your products and services is a big part of business. It's important because you need to know what profit margins will be generated from your sales.
Often business owners will run marketing campaigns to lure in new customers, move stock, or to create brand awareness.
Discounts and special deals are often commonplace, but there can sometimes be an issue with how much you could or should offer a discount.
Before offering discounts on your products, it's essential to understand what the implications are going to be on your bottom-line.
Below is a short instructional video on how to use our discounting calculator.
Importance of understanding the dangers of discounting
Strategy State's Discounting Calculator is a great tool to help you understand what the effects discounting has on your profit margins.
Before putting discounts on your products, you may want to think about how many more units you’re going to have to sell, in order to make the same amount of profit.
Play around with the numbers in the calculator to see how it will affect your sales volume when you alter your sales price and profit margin. You may be amazed by the dramatic increase in sales that will be required to sustain the same level of profit.
This simple to use tool will help you calculate the increase in sales (in percentage) that is required to maintain the same profit margin (in percentage) and avoid the dangers of discounting.
How to price your products and services
Pricing strategy is another important part of marketing and should not be overlooked.
The Discounting Calculator is an easy to use tool that will enable you to plan your pricing strategy more effectively and avoid the consequences of discounting your products and services. Use the discounting calculator alongside the pricing formula to better determine your pricing points.
Use the below infographic to help you price your products before bringing them to market.
This free business tool works great when developing a business after it has been fully evaluated using Strategy State’s Business Evaluation Tool.
Click below to download your free business tool: